Aviva Investors has provided a £200m (€232m) financing facility to Primary Health Properties (PHP), a UK-listed healthcare real estate investment trust.
Aviva Investors said the 15-year facility is secured against 61 NHS Primary Care centres and refinances £177m in existing debt, also with Aviva Investors.
It has been made by Aviva Investors on behalf of Aviva’s UK life business which specialises in bulk purchase annuities, savings and retirement, and protection. The UK life business secured £3.7bn of bulk purchase annuities deals in the first seven months of 2021.
Gregor Bamert, the head of real estate debt at Aviva Investors, said: “We are pleased to have been able to build on our existing financing programme with PHP which not only furthers our sustainability-focused investment activity but, more importantly, provides a key healthcare facilities provider with the capital that can ensure UK healthcare patients continue to benefit from modern and well-appointed facilities.”
Marcus Mollan, director, annuity asset origination at Aviva, said: “Aviva’s annuity business pays lifetime pensions to a significant number of individuals in the UK. To align with this long-term commitment to our annuity customers and pension scheme clients, we seek sustainable investments that are aligned with our path to net-zero carbon.”
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